Question
How much subsidy is expected to be provided by the
government to IOC, BPCL, and HPCL for LPG in FY25?Solution
The government is set to provide ₹35,000 crore in LPG subsidies to IOC, BPCL, and HPCL, to offset losses from selling domestic LPG at unchanged prices. This subsidy will be split over two years, with ₹10,000 crore allocated in FY24-25 and ₹25,000 crore in FY25-26.
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